Mortgage News

Albert Achanfuo-Yeboah of Oasis Home Loans-Southern Highlands stated “that it seems the market is in disrepute as far as direction is going and the indecisive nature and behaviour of decision makers and lobster’s continues to confuse the consumer and not stimulate positive consumer choices”.

Though it seems this factor isn’t in current news displayed issues and most likely won’t be for sometime it seems the only thing relevant that will continue to take place is the stuff rolling down hill concept which continues to play it’s roll what can be said as true consultation with consumers.

It also important for consumers to know that during an election year or possible year in such cases as when one is needed rates have been higher than they are now. Usually they get held back, however it may not be the case in this instance as this article by smh states

“The governor of the Reserve, Glenn Stevens, made it clear he had no inhibition about lifting rates during an election when he increased the cash rate from 6.5 to 6.75 per cent weeks before the 2007 poll that saw the defeat of the Howard government.

He met the Prime Minister, Julia Gillard, on Friday to discuss the Reserve’s operations”.